Jeffrey L. Kodosky Sells 500 Shares of National Instruments Corp (NATI) Stock
National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 500 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $46.25, for a total transaction of $23,125.00. Following the completion of the sale, the director now directly owns 354,586 shares of the company’s stock, valued at $16,399,602.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NASDAQ NATI opened at $46.09 on Wednesday. National Instruments Corp has a 1 year low of $38.78 and a 1 year high of $51.53. The stock has a market cap of $6.14 billion, a P/E ratio of 34.40 and a beta of 0.80.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). National Instruments had a net margin of 11.41% and a return on equity of 15.11%. The business had revenue of $360.10 million for the quarter, compared to analysts’ expectations of $380.05 million. As a group, equities analysts anticipate that National Instruments Corp will post 1.38 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of NATI. SG Americas Securities LLC lifted its position in National Instruments by 11.6% during the 3rd quarter. SG Americas Securities LLC now owns 16,478 shares of the technology company’s stock valued at $796,000 after acquiring an additional 1,707 shares during the period. Bank of New York Mellon Corp lifted its position in National Instruments by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,628,550 shares of the technology company’s stock valued at $78,708,000 after acquiring an additional 38,643 shares during the period. Trexquant Investment LP purchased a new position in National Instruments during the 3rd quarter valued at about $200,000. Panagora Asset Management Inc. lifted its position in National Instruments by 933.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 52,575 shares of the technology company’s stock valued at $2,541,000 after acquiring an additional 47,489 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in National Instruments by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 739,505 shares of the technology company’s stock valued at $35,739,000 after acquiring an additional 7,418 shares during the period. 78.66% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/jeffrey-l-kodosky-sells-500-shares-of-national-instruments-corp-nati-stock-2/2952451.html.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
Recommended Story: What factors cause inflation to rise?
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.